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CNBC
Feb 17, 2013 7:30pm EST
in technology to tap into that shale. >> we're not using it. >> we have -- we're using it in larger and larger amounts. what's happened in the united states is we have had a shale gas revolution already with more potential. the technology is good. environmental standards are very high because the industry is making a major effort to ensure that there are no major mistakes that cause problems. so this will do two things. it creates a lot of jobs in this industry but it also lowers the cost of chemicals, it lowers the cost of gas, gasses backing out coal, backing out natural gas that we otherwise would import and we're also increasing production of petroleum. we used to be dependent on imports for 60% of our petroleum and now 40%. we'll be potentially an exporter of natural gas, government regulations have to be worked out but we could be exporting natural gas if the right decisions are made to do that. the amounts will obviously depend on certain decisions. wreel be at least in a position to export natural gas which no one would have imagined ten years ago. >> exactly right. there were reports
CNBC
Feb 12, 2013 2:00pm EST
as they have been. >> absolutely never. absolutely never. a lot of people think it's a technology race between apple and google. google used a business model to attack apple not a tech. that's a less than free model which prevents apple from charging extreme margins. apple is not done as a company. they can make better product or drop prices. make better products, r&d expenditures drop margins, drop prices drop margins. either way you look at it, margins are done. >> jon fortt, i know tim cook hasn't been there that long, a year and a half, the stock above where it was when he took over, well above the highs. any rumblings out west about tim cook's future? >> zero. everybody knows tim cook is a ceo, will be for a long time, has delivered what he said he would though not what some people expected. look, on this margins question, what reggie said could perhaps happen. we haven't actually seen any real signs of it. what i mean when i say that, iphone asps have not come down significantly at all. ipad asps have with ipad mini not because of competition from google. if anything, you could say compe
CNBC
Feb 13, 2013 6:00pm EST
to earnings. first on "squawk box," tomorrow 6:00 a.m. eastern on cnbc. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest onl
CNBC
Feb 13, 2013 11:00pm EST
, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> welcome back to tonight's special edition of "mad money," where i try to explain what moves stocks up, what really moves them and how they diverge from the companies they purport to represent. i talked about the need for investors to get familiar with how stocks trade. you need to know about the traders that drive stocks in different directions and watch short-term moves in stock prices, take advantage of them rather than pretending like so many pundits do, that short-term gyrations are beneath their notice and will somehow pollute gains. may we never be so self-important or arrogant as to think that entry and exit points don't matter. they control the ability to outperform the market and make a lot of money. we care more about prices at the supermarket sometimes than we do about the prices of stocks we buy. that's just plain wrong. so how do we square the idea that when you buy a stock, its price can become unglued from the underlying fundamentals
CNBC
Feb 12, 2013 5:00pm EST
in the internet. and the media business technology is encouraging the increased consumption of media. comcast is in the middle of these things and it's a seven multiple. disney and time warner are trafding at close to a ten multiple. >> larry, i'll ask the followup question in terms of apple. one has to take into consideration or just assume that they've spoken to every investment banker on the planet about what to do with their $137 billion, yet they continue to decide to do nothing. so, i ask you, what do they see that the rest of us don't see? saving for a rainy day type of thing and is that day upon us? >> i just don't get it. i look at the cash in two ways. one is, the flow, which is the cash flow the company's going to be generating in the next few years. and the $45 billion or so that they're passing out to the investors, i think, is incredibly appropriate. but that doesn't solve the problem of the stock. the $137 billion that's just sitting there doing nothing. and here, you look at a company, comcast, that's responsive to its shareholders. it didn't like $10 billion sitting around do
CNBC
Feb 11, 2013 9:00am EST
of the snake. our road map begins with a hat trick of news out of technology. dell shareholders balking at the buyout price. and apple testing a watch-like device. >> the s&p 500 is up for the first six weeks of the year. something that has not happened since 1971. a big week is ahead as carl mentioned with earnings from coke, cisco, gm, whole foods and michael kors. >> nemo, watch the impact on business, ford at least said it should not have a major impact on february sales. >> the world is reacting to pope benedict's announcement that he will step down at the end of the month citing his advanced age. he's the first pope to resign in almost six centuries. >>> dell defends the buyout in an s.e.c. filing. they said the deal spearheaded by michael dell and private equity firm silver lake partners offers the best value for shareholders. three more of dell's largest investors are joining southeastern asset management. they believe the deal undervalues the company. david, we had this discussion on day one. it's been a while since it's seen $20. but it seems that's what they want. >> the buy
CNBC
Feb 12, 2013 12:00pm EST
and it was matter of weeks they announced the dividend. you own a large number of technology stocks. tech is the worst performing large sector, worst performing space in the s&p year-to-date. why is that? >> it really should be. think about this last year, what have you seen happen? apple missed three quarters of revenues in a row. intel pre-announced in the third quarter. pc units have declined for the first time since 2001-2002. the tech sector got dragged up last year with the rest of the market. a lot of these companies haven't put up good fundamental numbers and should be lagging and wa waiting for am and resurgence instead of new winners coming up. >> here's the haead scratcher. apple was the worst performer and i look for standouts, it's yahoo! blackberry and handicap. li -a -and hp, a loser's rally. >> why do you think apple is doing much worse? >> from hewletthewlett, knockof dell and taking transaction. you say who will be benefit from dell being taken private? obviously hewlett. >> i thought you would say michael dell. >> the first thing is they lay on a huge amount of debt and
CNBC
Feb 12, 2013 9:00am EST
apple's road map, for instance. i think you'll hear him talk about how apple thinks about the technology on the back end to try to get an advantage over competitors innovation-wise. he reasonable will be forthcoming how apple thinks about culture and competition. >> comes on a day where jpmorgan writes a big piece on the smartphone industry. they cut qualcomm to neutral, because they say we're getting closer to the slowing smartphone adoption that we expect in 2014. they see it peaking in the next 12 months. >> yeah. those are interesting stats that run somewhat counter to qualcomm's own presentation before analysts just a couple of months ago, i was in san diego for that. i think the real challenge for qualcomm might be competitors like media tech coming in at the low end, trying to sort of come mod tiz android phones. the question is, who's going to get the biggest piece of that pie. >> we'll see a lot of you today, jon. thanks a lot. >> all right. meantime, breaking news on netflix. we'll go to julia boorstin with the details. >> melissa, netflix is partnering with dreamworks animatio
CNBC
Feb 13, 2013 6:00am EST
the s&p 500 and the dow break out to new highs, you're going to have to see technology lead the way. we'll get clues on this tonight when we hear from cisco. the tech sector yesterday was negative. it was down by 0.4%. again, we'll continue to watch this. cisco out with earnings after the bell today. >>> if you want to look at oil prices, you'll see that they were up at 11 cents, up by nine cents to 97.62. the ten-year note at this point is yielding 2.01%. above 2%. we do have a ten-year note auction at 1:00 p.m. we also have retail sales and import prices out at 1:30 p.m. eastern. look at the dollar, you'll see in fact the dollar is down against the euro. it's up against the yen. euro at 1.3479. and gold prices this morning slightly weaker. down by $3.60 to $1,646 an ounce. andrew? >> okay. >>> time for the global markets report. we'll see what kelly evans is thinking about this morning. kelly? >> hi, andrew. always news. i'll get to the currency wars piece in a bit. over here, there was focus on italy. the country was going to raise at auction three or four different kinds of paper up
CNBC
Feb 12, 2013 3:00pm EST
about my love affair with financials and technology and health care, and i say if -- if carol is right and we get some kind of a pullback, man, i'd double up again. >> good to see you all. thank you for your thoughts. always good to see you. see you later. nasdaq trailing the other averages. seema modi is here to explain why. >> bill, first a story on the nasdaq, speculation that the nasdaq omx was in talks with private equity group carlisle to go private. sources close to the situation tell cnbc that buyout talks with carlisle have seized for now, and that's perhaps why we're seeing shares of the nasdaq omx off of its highs. speaking of deal chatter, dell in focus. first it was southeastern asset management and now it's t. rowe price, the second largest shareholder voicing opposition to the buyout announcement saying it will not support a dell buyout as put forward and facebook, how quickly sentiment can change. up 20% on the year, and now up 4%. bernstein downgraded the stock yesterday. today btig lowered its rating to sell, writing that desktop ad revenue is set to peak in 2013, and
CNBC
Feb 18, 2013 2:00pm EST
claims that it's "a holding company of innovative companies using cutting-edge technologies to make a difference in the world and for our investors." ecklund's biography on the g.g.t. website claims, among other things, that he's an m.d., has delivered over 200 babies, and speaks english, chinese, and french. [ticking] coming up, the resurrection of chrysler. >> i remember when i came here in 2009. there's nothing worse for a leader than to see fear in people's faces. it's been a long rocky road, but the fear is gone. >> that's ahead when 60 minutes on cnbc returns. [ticking] ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator...
CNBC
Feb 13, 2013 1:00pm EST
. what this is going to do, however, is direct the national standards technology institute to develop a framework of minimum standards and then those will go to the regulators who will try to get the entities that you just mentioned. power grids, banks, et cetera, to come up to the new minimum standard. there may be a regulatory bite coming down the road. >> i will get some sense, i was at a panel discussion the other day where one of the top ceos in the electric utility business said that thing that he worries about the most of anything, is his company's vulnerability to cyber attack. i want to you pinpoint that and tell us, are companies doing enough to protect themselves today? >> a lot of companies are. but not every is and we are dealing with an interconnected system. even if i'm secure, if i'm interconnected to your system and i'm not, that makes our system less secure. so we need to develop a sustainably secure system, not just sustainably secure companies. that's more difficult. the big problem is not really technological, it is economic. we know a great deal about how to secu
CNBC
Feb 11, 2013 12:00pm EST
as a leader on the technology side. i'm not convinced he would have done the motorola acquisition and texas tablets and the jury is out on how it plays out and wonder if larry's maverick move could play into this move? >> you could take that as a question whether this really is a sell signal. if eric schmidt is losing somehow some faith in where this company is going? >> i don't know he's losing faith. when you're not in control of something it's a little bit nervewracking to have your whole net worth tied up in it. i would leave it at that. i don't think he spots something that makes him want to run the other way. that being said, google had a huge run. people don't realize we're caught up talking about am, google has done well. the stock reacted nicely to the news. the fact he's allowing himself the ability to take money off the table, i don't know if that's google specific or his own life specific. i wouldn't try to infer too much. that's a tough game to play. >> >> when you see alleged smart money, eric schmidt selling out or a sizable position of a large position, do you get worried as
CNBC
Feb 11, 2013 4:00pm EST
in that would hurt defense, education, technology. we don't need to do that. we can compromise and work together. >> to me it sounds like you're all or nothing. because we just got higher taxes in january and now you want more revenue and you're not making a case for real reform of entitlements. that's the issue, gene. >> maria, you need to listen. you need to listen here, okay? i've just said that we had $400 million in savings. that we were offering to adjust the cpi which would in the second decade have $800 billion in savings. what we've said is it needs to be part of a balanced package that includes tax reform that raises revenues and lowers with entitlement reform. that is the framework of bowles simpson. it's the general framework of compromise. an absolutist position would be for us to say we want nothing but revenues. for them to say they want nothing but spending cuts. >> you said that at the end of the year, remember? >> no, we didn't. >> and taxes went up and there were no spending cuts. >> that's not right. >> i don't want to go in circles. >> that's not right. >> okay. >> we were a
CNBC
Feb 11, 2013 5:00pm EST
debate, guys. be sure to tune into "halftime" tomorrow. scott's at the goldman sachs technology conference. tim cook scheduled to speak at 10:15. we will take that live, as well. >>> coming up next, why one leading strategist believes we'll become energy independent much sooner. "fast money" gets an exclusive look behind citigroup's new report. and, this transport stock who has two of our traders on opposite sides of the track. back after this. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out of the back of a van. dude, that's your life. remember, aflac will give him cash to help cover his rent, car payments and keep everything as normal as possible. i see lunch. [ monitor beeping ] let's move on. [ male announcer ] find out what a hospital stay could really cost you at aflac.com. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this
CNBC
Feb 12, 2013 4:00pm EST
turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> welcome back. let's take a look at markets here. the dow retaking 14,000 to close at new five-year high and the benchmark 500 index closing at a new five-year high. nasdaq was under pressure because apple was the loser within technology bringing the nasdaq down today. president obama is delivering his state of the union address tonight 9:00 p.m. eastern live. eamon javers has a preview. over to you, eamon >> reporter: one thing that you know when it comes to a state of the union address just about every single major issue that affects the united states is going to be on tap for discuss
CNBC
Feb 13, 2013 3:00pm EST
what needs to be done to protect our national security and our economy coming up. >> technology bellwether and dow component cisco set to report earnings after the ball. ceo john chambers joins us exclusively to break down the numbers and tells us what the numbers say about the business and the state of the economy right now. back in a moment. ted the luxuryr and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. . >>> the house intelligence committee is holding a key hearing on what some in washington with calling a cyber security war that our nation is involved in and the chairman of that committee says we're losing. eamon javers is in washington with details. >> hi, bill, the obama administration rolled out new details of what it's calling a framework for cyber security cooperation here based on some of what the president talked about in the state of the union last night, and at that event general keith alexander, the head of u.s. cyber command, said it will have to involve a partnership between business and government. ta
CNBC
Feb 14, 2013 12:00pm EST
technology participating? >> right, absolutely. that's part of the cyclical space. i feel based on valuation, financials offer a lot of value and technology is part of that equation. another sector i like is materials. i think it's a hated space, why, because commodities have tan a hit the last couple years. margins for materials in this country are at 6%, the last peak was around 11% so if you think about what sectors could see margin expansion, materials is one of them and one of the most hated spaces. >> thanks for being on the program. >> i'm going back to energy it's a space that i have not been long enough of and i'm going to be and i think one of the ways to play it, the refiners over the next couple of weeks is the sweet spots, stay with them and look to add but i think think it's time to time to look at oim, look at the oil field service names, haliburton, slumberge, goldman sachs, a lot of confidence. >> is there a best in class refiner you like? >> best in class refiner to me is hfc, holly frontier. >> stephanie? >> we like the financials but also like the industrials and it's int
CNBC
Feb 12, 2013 1:00pm EST
reacting there. you can see no great boost. overall jon fortt live at the goldman sachs technology and internet conference where tim cook took the stage. you know, john, it's interesting. the man is a very clever man. he knows that his company has lost a quarter of its market cap. he knows today would be the day he could start to reverse that. yet he said nothing really that investors could grab hold of. what was the body language, because you were in there. what was the body language on returning cash to shareholders? >> simon, the overall message was stop freaking out. everything is fine. we're going to return cash. we're going to do it our way. we're not going to do it the way einhorn seems to want. other messages investors will find interesting, margins, emerging markets and innovation. number one on margins, he seemed to say, yes, i've had many, a little margin hit. through supply chain cost management, volume, halo effect, people who buy many, buy other devices, we expect margins to come back up as they have in the past. on emerging markets, never say never in a sense. the on
CNBC
Feb 15, 2013 6:00am EST
that is surrounding the technology problems with those batteries that, of course, led to the grounding of boeing 787. airbus says it does not expect the batteries to delay the a-350. and the deadline has now passed for outside investors and steve cohen's outside capital to withdraw funds from that hedge fund. the manager says roughly 60% of the firm's money comes from dollars invested by cohen and his employees. so the impact of their redemptions may be more symbolic than anything else. blackstone is si a c's largest outside investor. the firm did redeem some investor capital and will consider whether to remove additional funds in may. and couster's says it will oppose disney's combination of the chairman role and its executive pay plan at the company's annual share hoeding meeting in march. that's 0.3% of a stake. so i don't think this goes anywhere. they like to be advocate and -- obviously involved if there's a centered around. >> bob iger was elected chairman at last month's meeting and if you poll ten people, nine of them would say he's worth every penny, and he's handsome. he has a beautiful w
CNBC
Feb 12, 2013 7:00pm EST
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CNBC
Feb 13, 2013 4:00am EST
to have new technology to get it out of the ground. if you can't refine it and get it to market -- >> there you go. we'll keep our eyes on that, as well. >>> you mentioned the president. that's one of the things we'll be talking about. also on today's program, currency war and currency confusion. that's all led to a wild ride for the japanese yen. in moscow, the world's finance ministers due to battle it out. >>> we'll find out when china becomes investable from the top experts in chinese financial markets in 20 minutes' time. >>> we'll speak to the founder of the cambridge satchel as the british bag company opens a new store in central london at 10:45 cet. >>> the secretary of general of the international chamber of commerce in paris. a first on cnbc at clesk cet, 10:00 london time. >>> then a call on comcast shares after the now 100% owner of this company, they've announced they're buying the rest of nbcuniversal in a $16 billion deal. and i still want to say, i feel very comfortable about this. i feel very -- i'm sure you feel happy. good for everybody. >> they like us. >> g.
CNBC
Feb 11, 2013 4:00am EST
such a product with foxconn which has been working on technology for wearable devices. interesting to see this emerge in the next marriage of perhaps retail and technology. apple shares are up 0.25%. any little help after you've been down in the range that they have -- what size screen do you want on your wrist? >> the question is how big that piece should be, though. because everyone wants the big screen. >> maybe have it going up your wrist like that. >> start to go look like a super hero with a claw on the end. >> and you type it like that. i've seen that in a film. ask us about what film we've seen that technology in? >> that's right. before we do, we want to know would you buy such a wristwatch or has the company gone too far? reach us at cnbc.com. tweet us, @cnbcwex. >> what do you do when you -- >> i was looking at the letters. >> okay. the baftas held last night, but it was american ben affleck that hook home the aware for the best picture. affleck said he would been awarded a second act after falling out of in hollywood. mark comos is joining us now with his take. >> i can't beli
CNBC
Feb 13, 2013 5:00pm EST
technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> markets are approaching all-time highs as investors continue to pull their money out of fixed income and put it to work in equities. for more on where you can find opportunity in fixed income, let's go to david gotlieb. he is a portfolio manager. david, great to have you with us. >> thanks for having me. >> in this great rotation is indeed happening, some out there don't believe it yet, because it's early on in terms of the trend. is there value in fixed income? i mean, this notion of money draining out of the sector, you would think that maybe it's not a great time to go in. >> the risks are asymmetric. at these credit spreads and these levels of rates, investors just are not being paid to own the long end of yield curves. to give an example, 30-year treasuries lost 3%. that was a 20-basis point move higher in yields. one-fifth of 1%. so, it doesn't take a lot to lose an entire year's coupon, that's in the case of treasuries. >> all right, so, you don't want to be on the longer end. so, wher
CNBC
Feb 14, 2013 4:00pm EST
in technology and wireless, et cetera, i think that that's the kind of market that the market gets excited b.industrials, too, energy, too. we want to see that kind of activity. >> buy japan. we talk about it week after week. buy japan on a heblged basis if you can find it that way. look at the jobs number. the fed, the new fed is the employment report, and the ability to most markets. if you get 190 or 200,000 on march 1st, two weeks from tomorrow, that's the february jobs number, you're going to see the market lift. you want to see profits, production. you want to see personal income, and you want to see politics. that's one thing that could stall the market if you've got a fiscal sequestration. >> why are you so hot on japan? i know japan has rallied so much? why do you think it's going to continue? >> mr. shirakawa will leave room for mr. abe to put in a person that will gradually weaken the yen and stimulate the economy and get it the into inflation of a 2% target. we like the japanese exporters. they don't want to get the other countries upset with them. >> right. >> and come after the
CNBC
Feb 14, 2013 5:00pm EST
to be put to work. >> it is boring. one thing that's not working right now is technology. and this is a sector i'm focused on. >> your top trade. >> yeah, my top trade. listen, this is hard-picking tops here, people, right? but at the end of the day, we have a lot of the super sectors in the s&p up 8-plus percent. look at the xlk, etf up 13%. no leadership here. i believe we're going to roll over pretty soon. i think we'll need a 5% sell off. i think tech -- >> is google working? >> google is one of the big ones that is working. >> and that's the one. if you look at amazon, look at apple. one takes it right from amazon, goes into apple or vice versa. and if you look at google, they're the recipient of all the money flow. >> yeah. >> no doubt. listen, there's very few things working well in technology. if you look at ibm a great example of a company th that beat -- filling the earnings. >> there ways to express a negative outlook on technology without going ultra short on the cue. >> so as a trader, this is a great example. i'm looking for a little juice here, okay? i want
CNBC
Feb 14, 2013 7:00pm EST
what that means. what i want to ask you is what constitutes manufacturing today? it could be technology companies, they could be car companies, they could be materials companies. see, i don't even understand this. how do we know what is manufacturing and why it has to be located solely in the usa. i don't get that. >> we want it here because manufacturing has tremendous multiplier effect. every every dollar invested in manufacturing, another $1.48 of spinoff activity occurs and that filters throughout the economy and creates jobs -- >> how did you get that $1 hadn't 48 -- $1.48 number? >> that's cooked up by some pretty credible economists. that's a number that we're pretty proud of. in fact, it's the sector of the economy that is the most powerful and has the most powerful multiplier effect. >> so you must have loved obama's state of the union speech. i don't know why you're belly aching. the guy wants to give you tax tax credit if you open up some manufacturing plan but you must have loved this speech. >> i'll repeat this. i love it when folks focus on manufacture bug now the tough jo
CNBC
Feb 13, 2013 9:00am EST
than a decade, in the technology and entrepreneurial community have been talking about stapling green cards to diplomas. now it feels like republicans and democrats are coming together. so hopefully in the next few months we can build this coalition and pass immigration reform with a strong robust high-skilled immigration component. >> you're going to testify today before the senate judiciary committee on this topic. what is the net effect going to be on the effectiveness of startups in this country, on the labor market? because some are still making the market it's actually harmful to americans here, who are living na tifl, who are long-term unemployed. do you agree with that? >> no, i don't. the data shows that the immigrant entrepreneurs are typically job makers, create companies that make jobs, not job takers. that's what the evidence has been. the foundation that tracks this said the economy is driven by young high growth startups. 40% of the fortune 500 companies were started by first or second-generation immigrants. now half of the technology companies are started by immigrants
CNBC
Feb 12, 2013 11:00pm EST
something? or head to madmoney.cnbc.com. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. clamp. glitter. [ male announcer ] staples has everything your business needs. even custom banners. and now get 50% off banners and posters. staples. that was easy. >>> welcome back to a bizarrely special "mad money." i'm not a dollar sign represented by a man or a stock symbol for that matter, i have stumbled around the market enough to know a thing or two. tonight you are getting some of that wisdom from the school of hard knocks. don't you love at the beginning of a football game, jim cramer when it comes to stocks? that is what you are getting the on tv version right here and right now. you learn how to trade and the greatest game, no, not monopoly, stocks and bonds. and all of the little cool doo dads. what would send the stocks higher? you keep track. i left the stock market games behind me by the time i got to m
CNBC
Feb 11, 2013 2:00pm EST
to this than meets the eye. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> a new pope could be chosen by easter. >>> and winter storm miamio, mill naerly a million people across eight states lost power at the height of the storm. that figure is down to about 100,000 now. that storm is blamed for at least 15 deaths in the region. >>> severe weather slamming the southeast. a series of tornadoes tore through mississippi and alabama yesterday. hundreds of homes were destroyed. no one was killed. the threat of more storms in the south could last until tomorrow. >>> all right, attention all you u.s. dollar haters, or maybe lovers. pimco wants to make it easier tore to you be in the currency market without being glued to your computer 24/7. the etf lists tomorrow under the appropriate ticker frox. let's bring in scott mather. co-manager of the currency strategy etf. he is in florida at inside etfs conference. larg
CNBC
Feb 12, 2013 9:00pm EST
to work with this congress to encourage the research and technology that helps natural gas burn even cleaner and protects our air and our water. in fact, much of our newfound energy is drawn from lands and waters that we, the public, hold together. so tonight i propose we use some of our oil and gas revenues to fund an energy security trust that will drive new research and technology to shift our cars and trucks off oil for good. if a nonpartisan coalition of ceos and retired generals and admirals can get behind this idea, then so can we. let's take their advice and free our families and businesses from the painful spikes in gas prices we put up with for far too long. i am issuing a new goal for america. let's cut in half the energy wasted by our homes and businesses over the next 20 years. we'll work with the states to do it. those states with the best ideas to create jobs and lower energy bills by constructing more efficient buildings will receive federal support to help make that happen. america's energy sector is just one part of an aging infrastructure badly in need of repair. a
CNBC
Feb 11, 2013 3:00pm EST
is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've got tools that let me customize my charts tdd# 1-800-345-2550 and search for patterns as they happen. tdd# 1-800-345-2550 plus webinars, tdd# 1-800-345-2550 live workshops, tdd#
CNBC
Feb 13, 2013 4:00pm EST
, comcast, our parent 100% now and facebook, so, you know, it's the new technologies that are leading the way here. >> facebook had a nice turnaround after they came out and said they sold apple and buying this one. a big move late in the day but the nasdaq has been positive all day and think that could be the new leader to take us to new highs. >> going well off the lows of the day, the dow down 38 points, the s&p and nasdaq positive. stand by for the very important cisco earnings on the second hour of the closing well with maria. see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. a mixed day for the market. the dow failing to hold on to 14,000 level with the decline of 36 points off the worst levels, even there, as you can see there, a decline of 37 points. take a look at how we're finishing the day overall. a reversal of yesterday's decline and the s&p 500 finishing in the green by just a fraction. just moments away from cisco's quarterly
CNBC
Feb 13, 2013 7:00pm EST
hard for us to let in these smart brainiacs and technology entrepreneurs? what are we afraid of in this country? >> well, it shouldn't be that difficult. in my view this is just kansas common sense. this is something that republicans and democrats ought to find agreement upon and the reality is that when we fail to do that, we're physicaling out on a growing economy, putting americans to work and unfortunately we're losing a battle for that global talent because other countries have reached the conclusion to do what we're not doing. so jobs are being created, the american dream is being pursued but it's being pursued outside the united states. >> steve case, help me out in i'm wrong. you want to bring in entrepreneurs who will start companies, that's one class. second class is you want foreign students who go to our good universities to be able to stay if they choose to. if that's correct, what's holding this up? >> well, these things are all complicated by senator moran and also the republicans and democrats who have been working together on this particular bill and this par
CNBC
Feb 15, 2013 3:00pm EST
, we're going to buy more rotationally. we'll focus more on industrials, technology and health care, more so than on consumer discretionary. >> rick santelli, a lot of supply coming into market this week. talked about it last week. what kind of an impact did you see? >> i think the market will speak for themselves, if you bought into the three-year note auction, you basically are unchanged in terms of money, bought into the ten-year auction you're making dough, yields are lower than 204.6 and they were auctioned on the 30-year bond as a push. bonds were gobbled up, but it's not as easy as it was to recycle through the fed purchase programs, but here's something interesting, okay. when i look at walmart and i think about how i feel about the economy which isn't really represented by stocks, look at this chart starting in november for walmart stock and the dow jones. walmart is about at the same level it was in november. the dow is about 1,400 points higher. i think walmart has it right, and i think it's one of the reasons buying the fed into the treasuries aside where yields have rem
CNBC
Feb 11, 2013 6:00pm EST
'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> "lightning round" is sponsored by td ameritrade. >>> i keep preaching diversificati diversification, making sure that your money is spread across many different industries with no overlap among your five largest stock holdings because it's the single best way to play defense, to protect your investments. but there's more than one way to be diversified. i'm showing you how to put together a portfolio that's diversified. it can work in any kind of market, bull, bear, doesn't matter. so far i talked about gold, about growth. now time for the fourth piece of the puzzle -- yield. you need to own a stock with high-yielding dividend. one at least. unlike when we diversified by sector, owning more is a good thing. dividend paying stocks is not as sexy as speculation. but you know who needs sex appeal? buying high yielders and then reinvesting in the stocks is one of the greatest ways to make money out there. plain and simple. it allows your investment to compound over tim
CNBC
Feb 15, 2013 11:00pm EST
, when so many people just left the building because of technology stocks. i go over this again because i can never say it too many times. it means that no one sector, one segment of the economy should ever account for more than 20% of your portfolio. so if you own five stocks, only one could be a tech stock, only one a health care stock, only one a financial, only one can be an energy company only one an industrial and only one can be a food and beverage maker. what if you're not sure? always err on the side of caution. if two stocks trade together, if the underlying companies succeed or fail based on the same factors, then you're not diversified. an oil driller and oil producer, we often get those on wednesday, people think they're different. they're both part of the same sector. software and hardware, they're both techs, like it or not. i'm not doing this to be arbitrary or capricious or make it more difficult now to pick stocks. these aren't vague technicalities. when you get too concentrated in one area the moment something bad happens one to of those big stocks, you're going to want
CNBC
Feb 14, 2013 9:00am EST
are prepared to buy heinz for $28 billion. >> this fits what he does beautifully, a steady no technology to speak of, grind it out. >> brand known around the world. >> it's good for investors, good for the u.s. airways shareholders and good for the creditor of amr, and good news for all of our employees, creates a stronger airline, allows us to do more in compensation and for all those reasons i think it makes a lot of sense. >> we're partners with 3g and we'll both the same amount of equity, we'll own a proffered stock in addition. it's my kind of deal and my kind of partier in. >> they're buying this and they're going to keep it. they're not going to take it public. it's not a private equity model. they're going to keep it and the likelihood is that this new partnership -- >> when i was at goldman sachs the first stock i bought for my hedge fund because i knew there would never be a chinese or japanese bottle of ketchup on the table anywhere. this is one of the most iconic brands. >>> good thursday morning. what a day for news. we're live here at post nine at the new york stock exchang
CNBC
Feb 12, 2013 4:00am EST
. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. what are you doing? work? work. cdw configured these lenovo thinkpad ultrabooks with intel core i7 processors. so, we can work anywhere. anywhere? sure - on the beach, in the woods, at the lake. what about on the green? let's not get ahead of ourselves. oh!!! >>> welcome back to "worldwide exchange." >> the g-7 says it remains committed to market determined exchange rates. it does acknowledge disorderly movement to threaten economic stability. >> we're just hours away from president obama's state of the union address with the president calling on congress for more tax hikes and fewer spending cuts. >>> and transforming barclay's, the giant will cut 3,700 jobs and trim its banking business. ceo anthony jenkins tells cnbc he's upbeat about the strategy. >> it's a very comprehensive plan. i'm confident as the investors digest it, they will appreciate it. >>>
CNBC
Feb 15, 2013 4:00am EST
's to avoid delays, actually. sometimes the new technology is not sure enough or is not -- is too much to be a safe bet and it's exactly the choice that airbus has made after the problems with the batteries of the dreamliner. it will use the traditional batteries instead of the new technology, the lithium batteries. the choy was made to the prevent further delays in the release of the airbus 350. airbus would like, for instance, to ignore dramatic consequences in case regulations would change for the use of lithium batteries in aircraft in the future. >> yeah, okay. we'll see what happens. thanks for that, stephane. catch you a little later. he has the full story on our website, go to cnbc.com for more on that. still to come, we'll take another check on luxury retail with new managing director of iconic label geese and hawk. before that, we've got retail sales from the uk. see you in a few minutes. >>> these are your headlines from around the world. the g-20 looks to avoid currency rhetoric. >> there's no currency wars. we are furthest away today from a currency war than we were two or
CNBC
Feb 11, 2013 1:00pm EST
apple get interested in wearable technology. tim cook wearing nike and the jawbone is up and the nike plus system. rarg arguably where this is probably the only place on your body to wear a screen. nike tried the spot watch a decade ago and it flopped. this makes it like the tablet was preipad. big question, how does apple turn a small screen into important connective real estate and how can apple connect us with a screen pretty much too small for navigation. >> let's talk more about what this watch means for apple and what indeed the company can do with all that cash. let's talk about the cash pile, and john, the expectation there in advance of this, these conference or analyst conference tomorrow with tim cook, exactly what he could say, john, that could move the stock. >> i think the place to start, a lot of people are forgetting, they have around $137 in cash and equivalents. the stuff not in the u.s. is really difficult for apple to repay tree ought without a big penalty. we are talking in the neighborhood of $40 billion. it seems like from what apple put out in the statement las
CNBC
Feb 11, 2013 7:00pm EST
with technological style. can we get a new long-term secular bull market if this transition away from finance as you put it occurs? >> long-term bull market in some things, yes. farming is going to be a fantastic business. farming's been a disaster for 30 years. it's now going to be a fantastic place to be. the people who produce real things. forget finance. it's not going to be a great -- when i went to wall street in 1964, a big day was 3 million shares. that's not even a trait these days. >> are you long stocks yourself? >> i own some stocks in japan and a few other places. not in the u.s. >> don't you love what the japanese are doing? depreciating, saving the world from deflation? >> debasing the currency? >> it's the right thing to do. >> i'm not in favor of debasing the currency. you're a money shufflers. >> i am a money shufflers. or used to be. i think they're saving the world economy by doing this. >> well, i own shares and they're making them go through the roof. i guess in that sense i have to say thank you. but debasing money and printing money is not a good thing. you sound like dr. ber
CNBC
Feb 13, 2013 12:00am EST
-there's no way. oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an email. and bank seamlessly with our award-winning mobile app. take a step forward... and chase what matters. [ticking] >> in the world of education, geoffrey canada is considered a rock star. with his project, the harlem children's zone, canada has flooded 97 square blocks of manhattan with a wide variety of free social, medical, and educational services for over 11,000 children, including some living outside the zone. in 2012, he'll spend $95 million, 2/3 of which will come from the private sector. ed bradley first met geoffrey canada in 2005, but back then, there was no way to tell if the zone was working. now the results are in, and as anderson cooper reported in 2009, they are very impressive. for geoffrey canada, however, it's only just the beginning. >> you grow up in america, and you're told from day one this is the land of opportunity, that everybody has an equal chance to make it in this c
CNBC
Feb 13, 2013 12:00pm EST
a new technology which is the second fastest in the world, just after the swiss exchange, so we now have around 30% of our trades being done by high frequency traders. >> you also have dark pools, it's the only place in latin america where one can access a dark pool, right here those are also controversial. why did you do that? >> well we did it because they were going to compete with us so we have a dark pool within the exchange so that if anonymity is the trade that people want to do and the traders want to do, let's have them do it within the exchange and not with someone who is competing with us. >> dr. j., i know you are a huge fan of high frequency trading. what do you think about mexico's move to try to get more and more of it? >> i wish they'd take all the high frequency business down there, take every last share of it michelle. there's bruins capital markets, i think there's artificial liquidity offered in the nanoseconds and if they want it down there in that market, i say let them have it, it's certainly nothing that we would hang our hat on and say boy, this is what really ma
CNBC
Feb 14, 2013 6:00am EST
. >> but the nasdaq finally broke out. it hit 12-year highs. people had been watching the technology for a while. >> we do need the industrials to match that new high on the transports the. >> remember that guy we were talking to about the dow theory? he said it has to be the other way around. you can't confirm with the industrial pes >> like i said, i do think we asked debbie watson what she was buying and i do think she thought the transports were overbought, headed to dc. melissa, check tout oil board this morning. 9688, down about 13 cents, not a whole lot happening there. on the ten-year note, we are at 2.031. not a lot has -- you know, we're watching that is like watching grass grow. >> although yesterday, the one-year treasury auction was a little weak and, in fact, they came off at a higher yield than expected. it was about 2% just for the one year. >> the dollar -- >> he cares. >> yeah. did you see the journal piece? >> which journal? >> about the yen. people have made a lot of money. >> a lot of money. >> kelly evans, we'll be talking to her. >> she loves talking about the yen. she got
CNBC
Feb 17, 2013 9:00pm EST
. is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >> in retrospect, giving wall street immunity from state gambling laws and legalizing activity that had been banned for most of the 20th century should have given lawmakers pause, but on the last day and the last vote of the lame duck 106th congress, wall street got what it wanted. the senate passed the bill unanimously. >> the senate stands adjourned sine die. >> there was an awful lot of, "trust us. leave it alone. we can do it better than government," without any realistic understanding of the dangers involved. >> columbia university law professor harvey goldschmid is a former commissioner and general counsel of the securities and exchange commission. he says passed at the height of wall street and washington's love affair with deregulation, an infatuation that was endorsed by president clinton at the white house and encouraged by federal reserve chairman alan greenspan. >> that was the wildest and silliest
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